Musings and Photos about Life and Real Estate Development in Post-Industrial Brooklyn and New York City

Thursday, March 01, 2007

Atlantic Yards Financial Documents: "Actual Results May Vary"

While we still can't figure out exactly how much profit developer Bruce Ratner stands to make from Atlantic Yards, we're certainly taken by the "For Discussion Purposes Only: Actual Results May Vary" caveat noted by Atlantic Yards expert and super-blogger Norman Oder. Meanwhile, neither Mr. Oder nor Develop Don't Destroy are impressed with the documents that were released. Atlantic Yards Report notes that the documents lack vital information. DDDB says that they don't shed any light on the developer's profit. All of which seems to indicate that the same lack of clear financial information that has surrounded the Atlantic Yards project from the very beginning still exists despite this "release of information" by the Empire State Development Corporation. The documents were posted by Brownstoner yesterday.